Question: Please help! I tried to get the matrices, but Matlab is saying something is incorrect. Please show all work. A bank makes 4 types of
Please help! I tried to get the matrices, but Matlab is saying something is incorrect. Please show all work.
A bank makes 4 types of loans to its customers with the following interest rates:
First mortgage, 12%
Second mortgage, 18%
Home improvement, 18%
Personal overdraft, 8%
The bank can loan out at most $210 million. In order to limit its exposure to risk, the bank has policies to spread its loans across different areas as follows:
Money loaned for first mortgages must be at least 70% of money loaned for all mortgages, and at least 25% of total money loaned
Money loaned for second mortgages must be at most 25% of total money loaned
The average interest rate on all loans must be at most 13%
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